Daily Market Report 8/12/15

GOLD

The combination of the continued devaluation of the Chinese Yuan, resulting in a weaker U.S. Dollar, is helping to drive Gold and Silver higher. Gold rallied today, reaching a high of $1,126 per ounce before seeing short term profit taking. At 11am PDT today, Gold is trading at $1,124 per ounce, up $16 on active volume.

SILVER

This morning Silver moved higher with Gold, reaching a high of $15.62 per ounce on excellent demand. At 11am PDT today, Silver is up $0.20, trading at $15.52 per ounce.

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